Noble Francis
Bankersbonus
@NobleFrancis @KaiPflughaupt but what about affordability index? You have to look at that not salaries
First-time buyers in #London:
House prices 2.6 times average earnings in 1995. Now 9.0 times higher.
#ukhousingpic.twitter.com/BA4wy7Y6pX
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@Bankersbonus1 L O L !!!! -
@KaiPflughaupt my first mortgage was 14.75 -
@Bankersbonus1 L O O O O O O O L -
@KaiPflughaupt not quite sure why that amuses you so much -
@Bankersbonus1 jokes aside, show me the affordability index vs the other chart. 9x salary = house price! 90% LTV ? what if rates go up ? -
@KaiPflughaupt then mkt will crash and it won't be 9x anymore. I don't have for UK...I used to watch in US -
@Bankersbonus1 that was UK house related and you asked "but what about affordability index? You have to look at that not salaries" ... - Show more
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@NobleFrancis@BUSINESSricardo it goes to show how weak wages growth has been. -
@NobleFrancis@NorthmanTrader think I need a pintof stout or a shot of single malt after hearing that -
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@NobleFrancis@transparency_a1 so if no one can live in the alpha cities#london,#auck etc where do all the right thinking#lefties go? -
@martinallenh@NobleFrancis Algorithm says not a relevant computation -
@transparency_a1@NobleFrancis that's the trouble with algorithms based on capital. No logic!
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@NobleFrancis Yes, but the BoE base rate was 6.625% in 1995 and mortgage rates were nearer 9%: houses were cheaper but harder to finance -
@NobleFrancis@NicTrades there's no inflation. Cheerio. -
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@NobleFrancis First-time buyers in#London: House prices 2.6 times average earnings in 1995. Now 9.0 times higher. pic.twitter.com/dcFr4LnyU0”
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